GreenHunter Energy Announces Execution of Long-Term Power Sales Agreement

GRAPEVINE, Texas--(BUSINESS WIRE)--GREENHUNTER MESQUITE LAKE, LLC, a wholly-owned subsidiary of GreenHunter Energy, Inc. (NYSE Amex: GRH), a diversified renewable energy company focused on wind development projects, biomass power generation and the production of biodiesel, announced today the execution of a new twenty (20) year power sales agreement for 100% of the net output of the GreenHunter Mesquite Lake biomass-fired power plant located in Southern California. In conjunction with the new power sales agreement, the Company announced the execution of an Interconnection Agreement between GreenHunter Mesquite Lake and the Imperial Irrigation District (“IID”) for 100% of the net output of the biomass-fired power plant. The power sales agreement between the IID and GreenHunter Mesquite Lake provides for the purchase of up to twenty-seven (27) megawatts of net electrical output over a twenty (20) year period for a fixed price escalating annually. The power sales must begin on or before June 30, 2011. The Company had previously cancelled an existing power sales agreement with another California utility which had been assumed when the acquisition of the asset occurred in 2007.The Interconnection Agreement between GreenHunter and the IID provides for the delivery of electricity generated by the GreenHunter Mesquite Lake biomass-fired power plant through the existing electricity transmission system on an “as available” basis.Commenting on the execution of the power sales agreement and the interconnection agreement, Mr. Gary C. Evans, Chairman, President, and Chief Executive Officer of GreenHunter Energy stated, “Due to depressed fossil fuel prices, t...
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GREENHUNTER ENERGY, INC. Files SEC form 8-K, Other Events

Show all filings for GREENHUNTER ENERGY, INC. | Request a Trial to NEW EDGAR Online Pro Form 8-K for GREENHUNTER ENERGY, INC. 1-Sep-2009Other Events Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intended fo...
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GreenHunter Energy CEO to Present at Rodman & Renshaw Global Investment Conference

GRAPEVINE, Texas--(BUSINESS WIRE)--The Chairman, President, and CEO of GreenHunter Energy, Inc. (NYSE Amex: GRH), Mr. Gary C. Evans, will present at 2:00 PM Eastern Time today at the Rodman & Renshaw Annual Global Investment Conference held at the Palace Hotel located in New York City. Headquartered in Grapevine, Texas, GreenHunter Energy, Inc. is a diversified renewable energy company focused on wind development projects, biomass power generation and the production of biodiesel. Today’s presentation will serve to update the investing community on recent overall developments in GreenHunter Energy’s renewable power and fuels businesses and its perspective on political developments that may benefit the US renewable energy industry. This will be the first presentation to an investment banking conference by GreenHunter Energy Chairman, President, and CEO Gary C. Evans since May of this year.Forward-Looking StatementsAny statements in this press release about future expectations and prospects for GreenHunter Energy and its business and other statements containing the words “believes”, “anticipates”, “plans”, “expects”, “will” and similar expressions constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including the substantial capital expenditures required to fund its operations, the ability of the Company to implement its business plan, government regulation and competition. GreenHunter Energy undertakes no obligation to u...
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Central Vermont Public Service CEO Interview: Robert H. Young

67 WALL STREET, New York - September 22, 2009 - The Wall Street Transcript has just published its Alternative Energy/Clean Energy/Power Generation/Utilities Report offering a timely review of the sector to serious investors and industry executives. This 83 page feature contains expert industry commentary through in-depth interviews with public company CEOs, Equity Analysts and Money Managers. The full issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online. Topics covered: Long Term Perspective on Alternative Energy Industry -- Leading Indicators for Alternative Energy Components Companies -- Mergers and Acquisitions in the Alternative Energy Industry -- Break Even Business Fundamentals for Carbon Free Energy Providers -- Development of Carbon Free Energy Production Infrastructure -- NAT GAS Act -- New Players in the Alternative Energy Industry -- Solar Power Cell Manufacturers Market Strategy -- Demand Response for Raw Materials for Solar Cell Production -- Alternative Energy Investment Opportunities -- Multiple Stock Winners in Carbon Free Production Industry -- Government Funding of Alternative Energy Power Providers -- Chinese Solar Energy Companies -- Alternative Energy Hedge Fund Investors -- Commodity Cycles -- Determinants of Market Valuations in the Alternative Energy Production Industry -- Carbon Emissions Statistics -- Energy Efficiency Statistics -- Innovations in Solar and Wind Power Generation -- Business Economics for Methane Based Power Generation -- Electric Vehicles Projections and Statistics-- Cap and Trade Projections and Statistics -- Development of Battery Technology...
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GREENHUNTER ENERGY, INC. Financials

Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback Quotes delayed, except where indicated otherwise.Delay times are 15 mins for NASDAQ, 20 mins for NYSE and Amex. See also delay times for other exchanges.Fundamental company data provided by Capital IQ. Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quotes are delayed at least 15 minutes. Real-...
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GreenHunter Energy Announces the Election of Jonathan D. Hoopes as President and Chief Operating Officer

GRAPEVINE, Texas--(BUSINESS WIRE)--GreenHunter Energy, Inc. (NYSE Amex: GRH), a diversified renewable energy company focused on wind development projects, biomass power generation and the production of biodiesel, announced today the hiring of Mr. Jonathan D. Hoopes as President and Chief Operating Officer. Additionally, Mr. Hoopes has been appointed to the Company’s Board of Directors. Mr. Hoopes, 42, is a fifteen-year veteran of Wall Street who has spent most of his professional career in the investment banking and financial services industry with a focus on the traditional and renewable energy sectors as well as the information technology sector. He has served in various capital markets, investment banking, and equity research roles at Goldman Sachs, Deutsche Bank, and UBS in London, Hong Kong and New York. Most recently, Mr. Hoopes served as Managing Director at Think Equity, LLC where he led two teams of research analysts in the alternative energy and technology sectors. Mr. Hoopes has also provided cross-border strategic advisory services to clients in the energy technology and renewable energy sectors. He holds an MBA in International Finance from the Wharton School and an MA in East Asian Studies from the University of Pennsylvania.Commenting on Mr. Hoopes’ election as the President and Chief Operating Officer of GreenHunter Energy, Mr. Gary C. Evans, the Company’s Chairman and CEO, stated, “Jonathan Hoopes brings global experience, a unique perspective and a new drive to GreenHunter Energy that the Company needs to be a successful growth company in this sector. Over the past nine months, the existing GreenHunter Energy management team has navigated ...
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GREENHUNTER ENERGY, INC. Files SEC form 10-Q, Quarterly Report

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations The following discussion and analysis should be read in conjunction with our consolidated financial statements and the notes associated with them contained in our Form 10-K for the year ended December 31, 2008 and with the financial statements and accompanying notes included herein. The discussion should not be construed to imply that the results contained herein will necessarily continue into the future or that any conclusion reached herein will necessarily be indicative of actual operating results in the future. Such discussion represents only the best present assessment by our management. The discussion contains forward-looking statements that involve risks and uncertainties (see "Forward-Looking Statements" above). Actual events or results may differ materially from those indicated in such forward-looking statements. Overview Prior to April 13, 2007, we were a start-up company in the development stage pursuant to Financial Accounting Standards Board ("FASB") Statement of Financial Accounting Standards ("SFAS") No. 7, "Accounting and Reporting by Development Stage Enterprises." Our plan is to acquire and operate assets in the renewable energy sectors of wind, solar, geothermal, biomass and biofuels. We currently have ongoing business initiatives at GreenHunter in wind through GreenHunter Wind Energy, LLC ("Wind Energy") and Wheatland Wind Power, LLC ("Wheatland"), in biodiesel and methanol through GreenHunter BioFuels, Inc. ("BioFuels"), and in biomass through GreenHunter Mesquite Lake, Inc, ("Mesquite Lake"). It is our goal to become a leading provider of clean energy products. We believe that our ability to successfully compete in the renewable energy industry depends on many factors, including the location and low cost construction of our planned facilities, development of strategic relationships, achi...
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GreenHunter Energy Announces Sale of Equity Ownership Interest in Chinese Wind Turbine Manufacturer for $9.1 Million

GRAPEVINE, Texas--(BUSINESS WIRE)--GreenHunter Energy, Inc. (NYSE Amex: GRH), announced today the execution and closing of a Share Purchase Agreement for the sale of GreenHunter’s equity ownership interest in Guangdong MingYang Wind Power Technology Co., Ltd. (“MingYang”), a manufacturer of industrial scale wind turbines located in the People’s Republic of China. GreenHunter acquired a minority equity ownership interest in MingYang in late 2007. Pursuant to the terms of the Share Purchase Agreement, GreenHunter Energy, Inc. has transferred 100% of its ownership interest in Guangdong MingYang Wind Power Technology Co., Ltd. to DT Capital China Growth Fund L.P. for a cash payment of $9,110,000.Commenting on the sale of the Company’s equity interest in Guangdong MingYang Wind Power Technology Co., Ltd., Mr. Gary C. Evans, Chairman and CEO of GreenHunter Energy, Inc., stated, “When we originally made this investment in late 2007, the primary purpose was to form a strategic alliance with a Chinese wind turbine manufacturer that would deliver new turbines to us for use at our Company owned projects. We had previously negotiated favorable terms on deliverability timelines and purchase price. The wind turbine industry here in the U.S. has substantially changed since that time with ample supply of product and substantially improved delivery schedules available today. Therefore, this strategic investment no longer made sense to our company and the cash received certainly improves our working capital position. GreenHunter Energy will report a capital gain on its investment in MingYang during the fourth quarter of this year.”Forward-Looking Statements...
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GREENHUNTER ENERGY, INC. Files SEC form 8-K, Change in Directors or Principal Officers

Show all filings for GREENHUNTER ENERGY, INC. | Request a Trial to NEW EDGAR Online Pro Form 8-K for GREENHUNTER ENERGY, INC. 6-Oct-2009Change in Directors or Principal Officers Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational pu...
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